GM doubles down on EV batteries, invests $625M in lithium project
Previously, GM invested $320 million into Lithium Americas in exchange for 15 million shares back in February of last year. In total, GM has now invested $750 million into Lithium Americas and the joint venture, not including the $195 million line of credit.
New ownership structure of Thacker Pass, with Lithium Americas holding 62% and General Motors 38%, is a positive development.
Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") announced the Company and General Motors ...
General Motors is eyeing further North American investments in lithium and other critical minerals used to build electric ...
GM has entered into a $625 million joint venture with Lithium Americas to develop and operate a lithium carbonate mining ...
Lithium producer Lithium Americas has entered into a new investment agreement with automotive company General Motors to form ...
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General Motors to invest $625m in Lithium Americas JVGeneral Motors (GM) will acquire a 38% stake in Thacker Pass for a total of $625m, with $430m in cash to aid Phase 1 ...
Unlocking funding and pending loans, Lithium Americas offers strong long-term potential in the growing lithium market despite ...
For its 62% ownership of Thacker Pass, Lithium Americas will contribute $387 million to the JV and act as manager of the ...
Shares in Lithium Americas (TSX: LAC; NYSE: LAC) jumped by 20.2% on Wednesday after it announced anew, US$625-million joint ...
Lithium Americas is a high-risk, high-reward investment, akin to a call option on lithium demand. Read why I remain very ...
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